June 19, 2009 24/7 Energy News Coverage Energy-Daily Advertising Kit
Iraqis feud over foreign oil contracts
Baghdad (UPI) Jun 18, 2009
As the Iraqi government moves toward naming 35 foreign oil companies to be awarded long-awaited contracts to operate some of the richest oil fields in the world, many in the country's oil industry are up in arms because they fear Big Oil will have too much control over the nation's greatest treasure. "The service contracts will put the Iraqi economy in chains and shackle its independence ... read more

India asks US, China to restart stalled Doha round
Washington (AFP) June 18, 2009
India on Thursday called on the United States, China and other powers to return to talks immediately to frame a world trade accord instead of waiting for recovery from the global economic crisis. "We live in times when the people are anxious. This economic challenge cannot be resolved by waiting and watching," Indian Commerce Minister Anand Sharma said in Washington. "It can also not be ... more
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    Nuclear fusion power project to start in 2018: official
    Paris, France (AFP) June 18, 2009
    An experimental reactor that could harness nuclear fusion, the power that fuels the Sun, will begin operation in southern France in 2018, the project's governing body announced Thursday. The International Thermonuclear Experimental Reactor (ITER) should be fully operational in 2026, the ITER Council said in a communique after a meeting in Japan. The seven-nation council endorsed a ... more

    PrimeGen Energy's Kochmesskoye Oil Well Drilling Underway
    Bridgewater NJ (SPX) Jun 19, 2009
    With drilling underway at the Timan-Pechora Project, PrimeGen Energy should have investors monitoring the progress of the company and its developments very closely. Yesterday after the markets closed, the company issued a press release announcing that the "Kochmesskoye" well, which is the first of the previously announced multi-well development program, has commenced drilling at the Timan-Pechor ... more

    World Bank raises China 2009 growth forecast
    Beijing (AFP) June 18, 2009
    The World Bank raised its forecast Thursday for 2009 growth in China, citing a massive public spending drive that offset weak exports, but warned it was too soon to declare an end to the crisis. In its quarterly forecast, the bank said it expected the world's third-largest economy to expand by 7.2 percent this year, up from a 6.5 percent prediction made three months earlier. "Development ... more

    Trade deals starts 'new era' in Japan-Philippine ties: Arroyo
    Tokyo (AFP) June 18, 2009
    Philippine President Gloria Arroyo on Thursday hailed "a new era of economic relations" with Japan after a trade deal took effect last year, and called for more Japanese investment in her country. Japan, meanwhile, pledged fresh low-interest loans worth up to 45 billion yen (470 million dollars) for transportation infrastructure and rural projects, plus one billion yen in grant aid for ... more

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  • Nuclear fuel bank plans held up at IAEA meeting


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  • Beijing defends 'buy China' order


  • China slams ADB over India funding
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    Ecuador moves toward control of oil output
    Quito, Ecuador (UPI) Jun 18, 2009
    Oil provides Ecuador with around half its export earnings, but its populist President Rafael Correa has vowed to take greater control over the nation's natural resources. Using a swearing-in ceremony of his new oil and mining minister to lay out his intentions, Correa threatened to crack down on all multinational oil companies "that still believe they can continue to abuse our country." ... more

    Greener, cheaper planes favoured at Paris Air Show
    Le Bourget, France (AFP) June 18, 2009
    Lighter, more fuel efficient planes were the buzzwords at the Paris Air Show this week, where the world's top jetmakers showed off their efforts to reduce pollution and cut fuel costs. The Airbus A380 superjumbo parked on the runway at the show in Le Bourget even spelled it out in big blue letters across its side: "Greener, Cleaner." Also at the show was Eurocopter's "Bluecopter," a new ... more

    ElectraTherm Green Machine Turns Geothermal Heat Into Electricity
    Carson City NV (SPX) Jun 19, 2009
    ElectraTherm has announced use of the ElectraTherm Green Machine in a significant geothermal application. ElectraTherm's Texas partner, Gulf Coast Green Energy, will employ Green Machines to make clean electricity at two projects funded by the Research Partnership to Secure Energy for America. The first of those projects will make power from heat captured in geothermal brine, a common ... more

    Cyprus palace seeks to be world's greenest power base
    Nicosia (AFP) June 18, 2009
    The presidential palace in the Mediterranean island of Cyprus is aiming to become the world's greenest, emissions-free seat of power, a research institute said on Thursday. The British colonial era building will undergo eco-friendly modifications to serve as a prototype for government buildings everywhere, The Cyprus Institute which will carry out the task said in a statement. ... more

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  • China Eastern orders 20 aircraft from Airbus


  • Using High-Pressure 'Alchemy' To Create Nonexpanding Metals


  • Top US nuclear power generator Exelon cuts 500 jobs


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